Mon. Jul 4th, 2022

Piiano Raises $9M in Seed Funding

Piiano, a Tel Aviv, Israel – based provider of data privacy engineering for the cloud, raised $9M in seed funding.

The round was led by YL Ventures with participation from Jibe Ventures and founders of leading cybersecurity companies such as Snyk, Armis, Wiz and Aqua.

Piiano will use the initial round of capital for R&D and go to market.

Founded by security experts Gil Dabah and Ariel Shiftan—whose cybersecurity firm, NorthBit, was acquired by Magic Leap in 2016 to lead its product security, Piiano plans to deliver a personal data protection and management platform for enterprises to build privacy-forward architecture and operationalize privacy practices.

The company’s first product is Vault, a dedicated, protected database for centralizing sensitive information—and a code scanner to locate PII. The Piiano Vault provides enterprises with the infrastructure to centralize and secure PII and other select sensitive data within their own environments. As the home of all sensitive data and PII, the Piiano Vault will serve as a secure PII directory that keeps other data stores pseudonymized. Deployed in the enterprise’s virtual private cloud, the Vault enables developers to build privacy while empowering privacy and security personnel to manage data, track its access and enforce advanced policies.

SOURCE: https://www.finsmes.com/2021/10/piiano-raises-9m-in-seed-funding.html

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